Industry
Regulatory reporting, AML and governance under supervision.
Regulated firms answer to supervisors as well as shareholders. Governance, AML programmes and internal controls need to be evidenced, not asserted.
5 practices most relevant to financial services
Discuss your positionWhat we get asked
The questions we get from financial services.
Recognisable problems rather than a capability list. Each one has a route through it.
AML programme design and independent review
Regulatory and prudential reporting
Corporate governance and board reporting
Internal audit under a risk-based plan
Market context
Regulated firms in the UAE answer to supervisors as well as to shareholders, and the standard of proof is documentary. Governance, AML programmes and internal controls have to be evidenced rather than asserted, on a schedule.
How we help
What we are actually engaged to do.
- AML programme design and review
- A programme sized to the business, with obligations mapped to named owners.
- Regulatory and prudential reporting
- Reporting prepared to the supervisor's basis and reviewed before submission.
- Risk-based internal audit
- An audit plan built from the firm's actual risk profile.
Relevant services
Ranked for this sector, not alphabetically.
The order reflects where the work usually starts.
Risk & Compliance
Controls and governance proportionate to the risk you carry.
Audit & Assurance
Independent assurance that stakeholders and regulators accept.
Tax
UAE Corporate Tax, VAT and transfer pricing, handled end to end.
Forensic
Investigation and evidence when the numbers are disputed.
Business Advisory
Decisions on growth, cost and structure, backed by numbers.
Where we get the call
Situations we are brought into.
These describe work we are engaged to do. Named engagement notes publish only where a client has approved them.
An AML programme exists on paper but no individual owns the specific acts that satisfy it.
The board is carrying responsibility for risks it is not being shown in an actionable form.
Related
Financial Services, in context
Next step
Talk to someone who knows financial services.
Bring the specific problem. The first conversation is about establishing whether there is one, and what it would take to resolve.
Not ready for a meeting? Ask one specific question instead.
What follows
- A person in the relevant practice reads it, not a routing queue.
- One reply that already contains a view, not a request to book a call.
- A written scope and fee basis, or a straight answer that there is no work to do.
- Sunday – Thursday, 9:00 – 18:00 GST